Credit Tips

How to Build Credit in 5 Simple Steps

A healthy credit score can make life much easier and enjoyable. Unfortunately, many people don’t realize how important a credit score is to getting the things they want most out of life, like a new car or a their dream home. Missing a payment on a credit card or allowing a bill to go to collection can have long lasting effects on a credit report. Negative marks on a credit report can cost several points and when it comes to a credit score, every point counts. It is time for everyone to learn how to build credit again and achieve those dreams that they had years ago.

Here are Mark’s 5 tips to rebuilding credit.

1-Make a concerted effort to pay every bill on time every month, even if it is only the minimum balance. If there is no possible way to make the payment, call the creditor and ask for an extension. A five to 10 day extension may be granted if a promise to pay is given usually with a checking account number or debit card number.

2-When considering how to build credit, consider opening a secured credit card to begin the rebuilding process. Charge only what can be paid off within a month or two. Avoid charging more than 50 percent of the total credit line in a single month. Meaning, if the card has a $200 credit line, do not charge more than $90 in a single month. Fees and interest must be considered.

3-Do not apply for numerous new accounts within a short period of time. Every hard inquiry negatively impacts a credit score. Creditors view it as a bit of a sign of desperation and will hesitate granting a new credit line. Stick with the current cards presently open and work at establishing a positive payment history.

4-When rebuilding credit, it is important to stay apprised of any happenings on a credit report. A credit report should be pulled every six months to check for any negative marks as well as movement on the credit score. Ideally, if a person pays each of their accounts on time every month and does not have any negative remarks reported, the credit score should start climbing upwards. If there are unwarranted negative marks, take immediate action to have them removed.

5-After 12 months of paying bills on time and carefully managing open credit lines, it is a good time to apply for an unsecured credit card. Try working with the company who holds the secured credit card. Make the call and ask to be switched to an unsecured card. If it isn’t possible, only apply for one card through another bank.

It is possible to recover from past credit mistakes. For those who want to know how to build credit, follow these five simple steps and remember patience is of utmost important. Good things do come to those who wait. A damaged credit score does not have to be permanent. A little diligence and patience is all that is needed to begin the rebuilding process.


Save the Vacation For Next Year – Build a Billiard Room Or Rec Room With the Extra Money Instead

Ever since the economy has been in turmoil, people have been spending their money much more wisely. But still, no matter what you do, you will always have a burning desire to spend your money on those luxury items that you want rather than need. And as long as you have the extra money, then go for it. It is your money. Too many people, however, spend their extra money with a carefree attitude and could enjoy their purchases a lot more if options were examined more thoroughly. Creating a billiard room, home bar, or rec room is one such option, and will provide you with hours upon hours of exciting entertainment. Finishing a room also significantly increases the value of your home, as well.

As humans, averaging out our work time with play time is essential in leading a healthy, beneficial life. Of course, people have varying ideas on what play time is. Some people enjoy vacations or weekend getaways every chance they get. Others regularly attend concerts, sporting events, and so on. Although these are great play time ideas that produce a lot of great photos and memories, they are primarily service-driven. Once you have paid for the services and attained them, the experience is over. Instead, use that few thousand dollars you have budgeted for season tickets or that once-a-year vacation to better your quality of life each and every day by creating a billiard room or rec room in your home. A nice billiard room is possible for the money it takes to go on just one vacation. Save the vacation for next year, build a billiard room, and you will have a great looking billiard room to come home to every year following. And, adding a billiard room to your home is something you can continuously enjoy, as many times as you want.

A billiard table is usually the most expensive part of a billiard room, so if you are short on extra money for the table at the onset, then start off a tad smaller with a general rec room or activity area. Begin by throwing on a couple coats of paint and putting down some cheap, but nice, linoleum or tile squares. As long as your new room is not gigantic, this should be less than $200. Then you must decide on furniture pieces and decor. Starting a billiard room or activity area with a general theme of your choice could include furniture and decor containing sports logos, poker and gambling, automotive symbols, alcoholic brand names, and so on.

Many furniture ideas exist for a billiard room or rec area. Bar stools, pub tables, Tiffany billiard lamps, a small side bar, and wall cue racks are just a few ideas. Smaller items (taking up very little space) include logo floor mats, pennants, neon or billiard table felt wall clocks, beer steins or pilsners, logo mirrors, plus much more. And do not forget about complimentary games, like a dart cabinet, foozball table, or perhaps a stand-up coffin video game or pinball machine. For example, my home billiard room consists of a combination of items, both large and small. Some items include bar stools and a matching pub table; team logo floor mats, pennants, and billiard balls; a collection of beer steins; alcohol-related beer mirrors and neon signs; a dart cabinet; and of course, my billiard table. Included also are a set of drums and a keyboard to keep me entertained musically. Let your new billiard room reflect you as a person. How you decorate it is entirely up to you.

As long as no major improvements are necessary (adding or knocking out a wall, carpet, major electrical work, etc.), designing and building a billiard room or rec room can be rather inexpensive. You can definitely create a billiard room for under $2000, excluding a billiard table. However, a well-built, sturdy, high-quality billiard table can be had for around $1000 and up (depending on length, base and leg style, slate thickness, etc.), which is worth the extra money to make your new rec room complete.

The next time you have some extra money lying around and are thinking about planning another vacation or spending it on some other service-driven product, consider building a billiard room or rec room for your home. Disney World is not going anywhere. It will be there next year, and your kids will only be one year older. Creating a home billiard room instead will increase the value of your home and put many smiles on your face, and your family’s faces, for years to come.

Wealth Building

Building Wealth – Use This Tool Build Wealth and Make Money Fast

Here we are going to look at a specific way for anyone can use to make money fast and start with small amounts. This is article will give you a step by step guide anyone can use to build wealth, if they are prepared to learn and apply the knowledge.

The tool to use is leverage.

Let’s assume you have some capital $5.000 and you open a trading account with it and you can immediately leverage it up to $1 million dollars. Can anyone do this?

The answer is yes!

By opening an account to trade currencies. You may say I know nothing about trading currencies and its hard and risky, well consider this fact.

Anyone can learn to trade currencies and this example will demonstrate the potential.

The turtles

You have probably never heard of them but in the eighties in a famous experiment legendary trader took 23 traders from all walks of life and taught them to trade financial markets in just 14 days – he then allowed them to trade.

The result?

They made over $100 million dollars for Dennis and the turltes went on to become some of the most famous traders of all time.

How did they do it?

Dennis taught them a simple method they could have confidence in, a money management system to run profits and cut losses and the discipline to follow the system.

You can read more about the experiment in Market Wizards Jack Shwager (edit) and The Way of the Turtle by Curtis Faith.

Is it easy to do then?

The answer is yes and no – it depends on your mindset.

If you have the desire to make money and learn you can succeed.

Nothing in life is easy, when it comes to making money but there is a difference between something being easy and something being achievable.

Becoming a successful currency trader can be achieved by anyone, you may not become as rich as the turtles – life is simply not like that but you can make a lot of money.

Handling leverage is the key and putting it to your advantage. Leverage is a double edged sword it gives you big profit potential but where there are big rewards there is risk, so you must learn to cut losses and run profits and you can do this if you have a specific plan.

Getting started

All the information you need to trade currencies via technical analysis is available on the web and you can learn and practice a system before risking money in a real time demo account.

All you need to trade currencies is a desire to learn and apply what you have learned with discipline.

Anyone has the potential what separates out the successful traders is desire a willingness to learn the RIGHT knowledge and the discipline to apply it for long term success.

The Opportunity Awaits You

Trading global currencies is one of the few ways for trader’s to start with small stakes and get rich and it’s the frontier of the free market economy.

Anyone has the potential the challenge is do you want to realize your potential?

If the answer is yes – then look at this opportunity in more detail and you may be glad you did.

Auto Loans

Your First Car Loan Will Help You to Build Your Credit Score

Buying your first car is an exciting experience. But, to buy your first car, you need to apply for your first car loan. And for getting the loan, you need a good credit score. But, what if you have zero credit score? Don’t worry. You can approach the lenders who help first time buyers. With the help of a specialized lender, you can buy your first car. And, by making timely payments, your credit score will improve as well. It’s like killing two birds with one stone!

Car Shopping Tips for First Time Car Buyers

· Consider your Lifestyle

The car market is a vibrant market with several options. A different car is available for each income group. If you are confused about choosing a car, your lifestyle will help you in defining your car. Do you need a fuel-efficient vehicle or a vehicle that has backseat space for the kids? The choice remains with you.

· List down the Car Models

Make a list of car models based on your requirement and budget. Which type of car pleases you and your family? Is it a sedan, a hatchback or an SUV? You should take into consideration various factors such as family size, utility, road conditions etc. before making a decision.

· Prepare a Budget

Inspect all your financial resources to calculate your budget. The price of the car isn’t the only cost that you need to consider. You need to remember different costs such as insurance, fuel, maintenance and loan payments.

· Apply for your First Car Loan

Shop around for the best interest rate. First car loans are available at banks and dealerships. And, due to competition in the financial market, the interest rates are quite low. Thus, affordable interest rates will make becoming a car owner affordable for you.

Look ahead: How to get your First Car Loan and improve your Credit Score?

When you are buying a car for the first time, you may explore various financing options. As you are a first time buyer, you are likely to have zero credit score. Therefore, qualifying for your first car loan can be difficult. But, there are a few things which will help you in buying your first car.

· Pay a large down payment to the dealer. It will enable you in obtaining the best interest rate. As a result, your monthly payments will become manageable.

· Using a co-signer will significantly increase your chances of getting approval. The creditworthiness of the co-signer will help you in buying your first car.

· Search for specialized lenders. There are people who provide loans even when you have bad credit history or zero credit score. Compare various financing options available to you and choose the right one!

· If you are loan application is approved, make timely payments because it will help you in building your credit score.

When you are a first time buyer, buying a car can be an uncertain process. And, trying to obtain your first car loan will contribute to the feeling of uncertainty. But, when you are persistent, nothing is impossible. Shop for your first car loan today and buy your first car. It will provide you the opportunity to build your credit score.

Wealth Building

Leverage Yourself and Build Wealth Easily

“How to get rich”: there are few more written upon topics in the history of history than how to get rich. Is Real Estate Investing the Number One Way to leverage yourself and build wealth easily? If you’re an entrepreneur who is constantly striving to get to that next level in your life, your business, and your finances, you’ll likely agree with me when I say that we entrepreneurial personality types have an insatiable appetite for consuming material on how to get rich, and how to leverage yourself to build wealth easily. As a real estate entrepreneur who writes often on investing, I’m not going to focus on how to get rich in real estate investing with this article. In fact, I’m exploring if there could be something even better for building wealth easily. An even more powerful way to leverage yourself!? Let’s see!

Build Wealth Easily?

But despite our best efforts and intentions and goals, that doesn’t mean each of us is able to figure out the why, where, who, when, and most frequently the what of how to get rich. Not all of us can drive every vehicle capable of shuttling them to success equally or as quickly as they might another vehicle. That’s why I wrote this article. Real estate investing is my passion. Real estate investing can build and keep wealth like nothing else. But I won’t claim it’s the best vehicle to build wealth easily. In fact, I’m not sure it is!

This article will help some of you see the types of actions and scenarios likely to take someone reading about how to get rich and propel them into a future full of success and sharing with others how to get rich– just by taking each of these vehicles for a mental test drive.

I believe one of the fundamentals of how to get rich is becoming a master of leverage, learning to leverage yourself by learning and applying systems of duplication and delegation and automation. By using creativity and the creation of value to multiply your results with the systems, efforts and resources of other people and organizations, you can be sure that every minute and every dollar you spend in pursuit of your goals learning how to get rich will come back at you in droves.

In real estate investing, I’m familiar with a lot of these methods to leverage yourself, as you can see from visiting the website — but what about these other plans for how to get rich?

That brings me to the top 13 ways in my opinion to get rich in today’s world– without having to be someone special, have special knowledge or look like a million bucks– as I see them, with an emphasis on how much LEVERAGE you have.

How to Get Rich Top 13 Answers

13. Steal the money

Whatever your religious beliefs, or whether you are consciously aware that there is a God or not, stealing money from others is not a great strategy on how to get rich. Humans are hard-wired with a conscience that in most cases knows right from wrong. Few people can live a full and happy life knowing that their fortune was built on robbery, theft, deception, trickery, or lying. It may appear the “easy route” but in the end karma always wins.

12. Winning the lottery

We do not value that which we did not work to earn. Sure it’s nice to fantasize about what we would do with a hundred million dollars, or fifty, or twenty, or ten. Some people say they play the lottery as an “investment vehicle”. The only more ridiculous statistics than the odds stacked against you winning are the statistics of what happens in the financial futures of the average lottery winner: 4 in 5 are BROKE or in debt within 10 years. How? When you have a paycheck to paycheck mentality (as much of the world does) lottery winnings are just a much bigger paycheck. For most people, as one’s income increases so too do the expenses–but faster. Lottery winners who did not have some financial success already are doomed to lose it all.

11. Being born rich

Napoleon Hill once said, in paraphrase, “there is nothing more dangerous than unearned

riches”. What did he mean by that? It’s a simple factor of human nature that the more we are given the less we appreciate. Or know the value of. Or how to get it on our own. There’s a reason predators bring meat to their young early on but later set them loose to learn how to feed themselves. The worst possible position to be in, should you lose all your wealth, is that of never having had to learn how to get rich in the first place. The only reason this is better than winning the lottery is because if you are determined to make it happen, you’ve already been exposed to wealth– so you’re not mentally limited as to how much you think you can earn. That’s a huge limitation for many people looking to build wealth easily, not having “seen” wealth.

10. The professional/corporate grind

Being a regular 9 to 5 employee with a guaranteed salary, benefits, 401k and stock options, and job security is not a negative– unless you want more than trading your time for dollars, that is! Admittedly, for some people, there’s something to be said for the safety of a secure, well-paying job that makes us feel normal. You can get rich just by living below your means and investing the difference– even teachers who made no more than $30,000 a year have died leaving multi-million dollar estates. This is great if you are patient, disciplined and can wait 30 years– but it’s not MY idea of how to get rich. Nor is ANY job or career exactly so “safe” anymore in today’s world of downsizing, layoffs, outsourcing, off-shoring, corporate mismanagement, and eroding benefits. Worse, you’re not using leverage here– no matter how hard you work, you can leverage yourself to a great degree as an employee! You’re a cog in someone else’s machine as an employee.

9. Unlimited income direct sales

Sales is one of the highest-paying professions in the world. It can also be the lowest-paying

profession in the world. Being a commissioned salesperson with no earnings cap on commissions

can bring in a lot of money if you’re good. IF you’re good and you bust your hump. And if your product is solid. And if the economy is strong. And if your company stays in business. And on and on. Too much is not in your hands! The main issue though is that the skills that will avail you of a successful career in professional sales can be used much more efficiently when you leverage yourself by using other vehicles to channel your talents.

8. Franchise Owner

2 + 2 = 4 no matter whether you can do math or not. Franchises are set up to be businesses run based on a system already proven profitable. Whether they are as “turnkey” as their promoters claim is debatable, but there is certainly money in the franchise game to be made. It’s no wonder economists have labeled the franchise boom of the 20th century as the McDonaldization of business when the average McDonald’s restaurant franchise grosses $1.9 Million per year for its franchisee owner. Still, the financial barrier to entry can be as high as a normal business and in many cases even higher.

Leverage Yourself

7. Network Marketing

This one could closer to the top of the list if the opportunities available were worthy to be at the top–most aren’t. If you find the right opportunity, however, and work it with a vengeance on a consistent basis you can gain leverage yourself substantially by using other people’s time. Unfortunately, most people never find the right company at the right time and make the right choice to take action. Then, when they fail, as 9 in 10 do within a year, they give up never having gotten past the dream of buying into someone’s plan to teach them how to get rich–and into the reality. However, for the person in sales who can sell and recruit, network marketing is a better answer in many cases than just conventional selling– for the simple fact that you’re building your own business and residual income streams that will continue whether you continue to work or not.

6. Information Product Sales

Internet marketers of today are capitalizing in ever-increasing numbers on human nature tendencies direct marketers have known for many, many long years. There are some “problems” we have as people that there is NO LIMIT to the amount of money we will throw at the problem trying to find the perfect “solution”. The best markets to sell information products to are: (1) Business Owners Seeking Solutions (2) Better Appearance Seekers (3) Business Opportunity Seekers (3) Diet & Fitness Seekers (4) Dating Advice Seekers and 5) Avid Leisure Hobbyists. The best part about information product sales is the low overhead cost to produce the products you deliver, and the high profit margins you can earn.

5. Business Owner

Business ownership has many more benefits than can be touched on in a short paragraph but suffice it to say that if you’re not in business for yourself you should be. There is little more fulfilling than being your own boss, and working to build something that might outlast you. The cash flow, the tax benefits, the respect in the community, the outlet for creativity– all of these things make owning a small business (or growing a large one) a large part of the average human dream. As a business owner, you can incorporate many of these other vehicles in your plan for building wealth easily.

4. Celebrity

Clearly, celebrity sells. There are many mega-millionaires on this planet with no other talent than somehow managing to capture the interest of an audience worldwide (or even regionally) longer than their allotted “15 minutes of fame”. Publicity equals better than advertising and advertising done skillfully equals revenue. Celebrities are money machines who can make money in most of the rest of these categories but there are three reasons this is not nearer the top of the list. Despite the number of “what did they do’s?” out there , there are many more celebrities who are famous for a reason– they worked very hard to become the best (or best promoted) at what they do– be it sports, entertainment, speaking, etc. Secondly, there is a very high barrier to entry to this kind of life, one most people just do not have the look, skills, contacts, nerve, or charisma to break into. Lastly, there’s a huge cost to celebrity that would take it out of the top choices of a “best ways on how to get rich” list: your privacy is nonexistent in today’s world of celebrity.

3. Intellectual Property

With income streams from licensing to franchising to royalties to patents, copyrights, and trademarks– creating intellectual property is a serious method of building wealth easily. Musicians, authors, inventors, creative artists, franchisors, entrepreneurs, and high-level marketers are all making tons of money, residually, for many years from work they completed just once. This is a very high leverage activity! Books, music, ebooks, graphic and multimedia designs, software, copywriting, inventions, franchisable sales systems, the list goes on and on. Is this a vehicle you can put into action tomorrow? Not usually! But as you make your way in the world of wealth do not forget to use intellectual property to leverage yourself!

How to Get Rich: Real Estate Investing the Best?

2. The Real Estate Business

It’s widely accepted that 90% of all the world’s millionaires either made or keep their wealth in real estate. Water is wet. The sky is blue. Over time, real estate goes up. These are simple facts. Contrary to the “get rich quick” infomercials you’ve seen, though, figuring out how to get rich in real estate investing isn’t easy. But it is simple, once you understand the processes involved and actively and consistently pursue the business. Real estate investing is one of the highest forms of leverage we have as entrepreneurs, with savvy investors utilizing not only other people’s money, but also other people’s time and even other people’s credit. The real estate business is full of wealth-building opportunities: foreclosures, rentals, lease options, commercial properties, short sales, tax liens, being an agent or loan officer, investing in notes and mortgages…the list goes on and on! Of these, investing in notes and mortgages is pretty high on the easy scale, getting the benefits of real estate without some of the management headaches.

I obviously believe in real estate investing, but I’m not so sure there isn’t an even better, easier, higher leverage vehicle out there for creative entrepreneurs like you and me!

1. Joint Ventures (A.K.A. Strategic Alliances)

Joint Ventures is the best way to build wealth easily. Scratching your head? Well, soon you’ll see that doing successful joint ventures to make massive cash with minimum efforts and minimum risk is just common sense. Too bad common sense ain’t common! If you can master putting together joint ventures, you can be assured that if you build wealth and lose it all– you can quickly earn it back. When you master joint ventures, everything you need to get started again building wealth easily is now in your thought processes. It’s become as simple as common sense. This is because with successful joint ventures you don’t need products or services or inventory. You don’t need an office, factory, employees, customers, or anything else traditional businesses need. You just need ideas. Of course, if you have any of these things, it only makes it easier because you bring something even more to the table than your brilliant ideas. The basic formula of how to get rich with joint ventures is answering these questions: “Who do I know?”, “What do they have?”, and “What do they need?” Then you play deal maker. That’s it! Zero risk, high profit potential. The ultimate in way to leverage yourself to build wealth easily.

Wealth Building

How to Build Wealth

Building wealth is technically easy, but many find it to be practically challenging. This is understandable, with all of the distractions that everyday life throws at us. The solution to this problem is as simple as taking an active interest in your personal finances. You must become genuinely interested in securing your financial future. A sound wealth-building plan that will lead you to a comfortable early retirement is not hard to implement, no matter what your current situation is. After all, how many things are more important?

Well, many would say that living for today is just as important, and that saving for their kid’s college education is of primary concern. I couldn’t agree more! Those things simply must be handled. But they needn’t compromise a well thought-out wealth building strategy. In fact, the success of such a strategy is in no small way dependent on those other important things also being taken care of. Everything in your financial life must integrate well or your progress will surely suffer.

The critical components of an organized financial plan that focuses on building wealth are as follows: First off, an emergency fund must be in place for life’s unforeseen circumstances. A good figure is 3-6 months living expenses. Secondly, spending and consumer debt must be under control. Get those credit cards paid off and don’t carry balances on them. Third, automatically be building savings through traditional investment vehicles. Max out contributions to your 401K or an IRA account, have automatic deductions made into a college savings account. Finally, allocate a steady monthly stream into an aggressive investing account that seeks to make 30% annual returns or more. This can be done manually or by having a managed trading account.

OK, so your first question undoubtedly has something to do with, “How much?” How much is it going to cost you now, how much are you going to get back, and when? A compound calculator can help answer those questions. It’s all up to you of course, but the important thing is that you make regular monthly contributions into an investment vehicle that is earning an average 30%+ annual return, and is compounding monthly. If you can’t free up enough from your existing income, then start a new part-time business.

Consider that an account size of just $700 with a $300 additional monthly deposit will become over $432,000 in 12 years with a 30% annual rate of return. This figure disregards tax consequences, but such a feat could be accomplished inside of a tax-protected vehicle such as an IRA or the American Skandia variable annuities (which allow aggressive mutual fund trading). A $10,000 starting account with $500 added monthly will be worth over $1.8 million in 15 years time if averaging a 30% annual return.

The number one objection I hear when presenting this concept is that a 30% annual return isn’t possible to earn. That is simply not true. You can achieve this by learning aggressive trading strategies, some of which are allowed inside of tax-deferred accounts. There is a lot to choose from, so you should go with something that appeals to you. Some examples include: Market timing strategies, option trading strategies, swing trading, and covered call writing. As a last resort you can always go with a managed account or a trading advisory service, but shop very carefully if that is your chosen vehicle.

The other big objection is that there just isn’t enough income available to make that kind of monthly deposit commitment. Fortunately, that situation can be fixed by a combination of reducing your expenses and increasing your income. If you are straightening out your finances first, as described at the beginning of this article (which is a must), you will find ways to do this. If necessary, you can start a new part-time business that you can run by spending just a few hours a week at your computer terminal.

The bottom line is that you can build wealth in your lifetime if you have a mind to. You have to make it a priority, and commit to the effort. I have just shown you what to do, now you need to get organized and start doing it.

Wealth Building

Build Wealth and Instantly Become an American Idol

Building wealth has become more than the American dream. It still amazes me that more middle-class workers are not participating in the great giveaway that is happening in commodities. There are so many lucrative opportunities in the commodity markets that it almost seems like winning the lottery every week.

The Gold market continues to make record highs. I previously wrote about the Gold market being on pace to shatter the old record of $850 an ounce. It crushed the old record and went to $900 an ounce.

Just to give you an idea of how much money this market represents, Gold has gone up $100 in the last three weeks alone. Each $1 in Gold equates to $100 in potential profits. This means you could have made $10,000 in the last three weeks had you been properly positioned in this market.

Goldman Sachs recently raised its estimates on the price of Gold. I have been writing about the increase in the price of Gold for some time now. It is nice of Goldman Sachs to join the party, no matter how late.

With all the news about the sub-prime market and possible higher gasoline prices it appears Gold will head for $1,000 an ounce sometime over the next 12 months. Another market heading up, up and away is Corn. The Corn market is at an 11-year high.

Soybeans were up 50 cents for November delivery just recently. Each 1 cent in Soybeans equates to $50 in potential profits. This means you could have made $2,500 in 1 day!

With all the mortgage defaults and foreclosures happening, making additional income has become a necessity. It is no longer optional to look for ways to supplement your income. Investing in commodities can be extremely lucrative.

Imagine being able to make hundreds and even thousands of dollars in a day while your coworkers continue to wonder how you were able to get that new car and upgrade your house to a much bigger one. Your coworkers will wonder why you never seem to worry about money anymore.

They will most likely assume you received an inheritance or hit the lottery. Are you going to tell them the truth or will you let them continue in suspense? I know you may be thinking who cares what they think but at least fill them in.

Help them build wealth and get out of debt too. The mortgage melt down is hurting a lot of people. Together we can help many people get through this difficult time.

By telling your family members and friends about the fantastic money being made in the commodities market you will become an Idol to them.

In conclusion, it is possible for you in get involve in the great giveaway happening right now in the commodity markets. There are many commodities going up and making multiyear or record highs. Learn how to take advantage of this phenomenon and you could become the next Idol, at least financially.

Wealth Building

Build Wealth and Start Young

Building wealth is not something that young people often think about when they first start getting paychecks. However, starting to build wealth when you are young is one of the best moves you can make to ensure a successful financial future.

The main reason has to do with compounding interest. The longer your money has to earn interest, the more money you will make. As the balance grows, the amount of interest you earn grows as well. It might not seem like you are earning a lot of extra money, but when you look at the total amount of interest earned over thirty or forty years, it can make a huge difference.

Starting young also has an advantage in that the younger you start, the more risk you can afford to take. People who start investing when they are ten years before retirement, for instance, need to invest in things that will provide them the funds to live on in a short amount of time. When you are young, you can invest in riskier options because you have more time to wait out slumps in the market or recover from bad investment moves. It is often the riskier investments, however, that can earn you bigger profits.

When you come up with a plan to build wealth as a young person, you can avoid some of the mistakes that most people make. First, you will want to build an emergency fund. Avoid getting into debt whenever possible. Make a budget and stick to it. Save a portion of every paycheck and invest regularly. If you do these simple things that most people do not think about until they are middle-aged, you will be way far ahead of the game.

Young adults who wish to start their wealth building strategy should learn as much as they possibly can. The more knowledge you can acquire the better. Investing and making a financial plan can be confusing and you need to make sure that you are making the right choices. When you start creating your wealth building plan, it might be helpful to attend a wealth building seminar. Wealth building seminars are taught by experts in the field and their knowledge can help set you on the right path.

If you are a young person who has started thinking about your wealth building strategy, you have already taken the first step to financial success. Wealth building is all about knowledge and planning. With a little bit of preparation, you can be well on your way to financial freedom.

Wealth Building

Wealth Building – 3 Tips ANYONE Can Use To Build Serious Wealth

We all want to make money fast and we all want to be wealthy however, most people don’t achieve serious wealth.

The reason is, they make simple mistakes that prevent them reaching their goal of building serious wealth and the fact is there easy avoid, so let’s look at them.

1. Someone else can make you rich

It’s tempting to believe this, but of course the reality of building wealth is:

You need to do it for yourself and not rely on anyone else.

Let’s face it, the people who say you can get rich with them charge you.

If they could do it for themselves they wouldn’t need you, they could shut up and do it for themselves, most will appeal to your greed, take their fees and you will end up disappointed.

2. You can build serious wealth overnight

We have all read stories of people who made huge sums overnight, but let’s be realistic:

Their minority and a small one at that!

That’s not to say you can’t build serious wealth quickly, however you need to be realistic and have a 5 – 10 year plan.

Many investors have turned $30 – $50,000 into a $1,000,000 or more in this sort of time frame by using the power of compound growth and a high return low risk investment to do it.

Would you be happy with that?

If you are, there is a way of building wealth this way (which we will return to later) but lets look at some other essential points first.

3. You have to work hard or be innovative to build wealth

No you don’t.

You need to work smart, NOT hard.

The vast majority of people work hard but not many of them build wealth.

People think building wealth is all about hard graft, making some new discovery, but this actually prevents them from making money – You don’t need to do this to build wealth.

Building wealth is all about compounding your money and making it work hard for you and there are lots of simple ways to do this.

4. If you want to build wealth play defence well

Any football team will tell you everything is based on defence.

If you can’t defend you won’t win, no matter how good your attack is and it’s the same in building wealth.

You want to make your money build steadily, watch compound growth kick in and accelerate your gains.

If you lose money, it’s a case of making up lost ground and catch up which takes time.

When you are trying to build wealth make sure you pick the best reward for the lowest risk you can get.

For example, would you prefer an investment that made you 300% annually with the chance of losing all your money, or the chance to make 100% with 10% loss potential?

Exactly – Now you see the point.

Now your wondering what is a good way to make money, that’s simple, you can understand it, its cheap, easy to do and can make a tidy sum with low risk?

The secret of the worlds wealthiest families

We don’t have time to cover it in this article but Howard Hughes made billions, Donald Trump still does, even comedian Bob Hope made millions and so do most of the richest investors in the world.

You may have never considered it before but it’s buying land.

A simple way to build wealth open to all

You don’t need to be rich (it’s far cheaper than property) and all you need is the right location and you can turn in triple digit annual gains in many locations with low risk.

There is no better way for Mr Average to build wealth quickly with such low risk.

If you have never considered this then take a look and you will surprised at the profits that can be made with such low risk.

Wealth Building

How to Build Wealth in Your 20’s – 5 Wealth Building Secrets You Should Know

In financially unsure times, it pays to think ahead and budget. For many young Americans the economic recession has put a crunch on finances, but it’s still possible to build wealth in your 20’s. Building wealth is accomplished by being conscious of your finances. What you spend versus what you save is a key measurement, but more importantly, what are you spending your money on? Lasting wealth is built by spending money on investments and limiting frivolous purchases. Follow these 5 wealth building secrets while your young and accumulate lasting wealth.

Wealth Building Secret #1: Assets Over Liabilities

You’ve probably heard this a number of times, but have you ever taken the time to think about what it really means? More importantly, have you ever applied it to your own finances? Well, that’s step 1. Do an honest assessment of your life and identify where you are spending on assets and where you can cut spending on liabilities. Don’t be fooled into thinking liabilities and assets are mutually exclusive. For instance, the same car you use to drive to work (asset), is also a liability when you take into account all the money you’re spending on upkeep. The realistic truth is that something like a car should never be considered an asset because of the financial obligations that are attached to it. You want to have your money in real assets like stocks, mutual funds, bonds, and loans. These types of investments don’t cost you money to upkeep and they usually grow in value over time.

Wealth Building Secret #2: Set Up a Retirement Account

Why would you want to set up a retirement account in your 20’s, you ask? Well, aside from the fact that the earlier you start saving for retirement the more compounding interest you’ll receive, retirement accounts like IRA’s are subsidized by the government and have beneficial tax consequences. Do a quick search on Google or talk to a representative at your bank about the best type of retirement account for your needs. Even if you’re only adding $1,000 a year, the compounding interest on that money adds up fast.

Wealth Building Secret # 3: Pay Your Credit Card Off Every Month

Now, I’m not advocating that you should get rid of all your fancy credit cards. I’m just saying that your finances will benefit by minimizing your use of credit and paying your balance in full each month. The typical interest rate on a credit card is over 15% these days. When you rack up debt on your credit card, not only is it a negative mark on your credit history, but you’re paying through the mouth to keep your debt current. If you’re only paying your minimum payments, it could take years to pay off a purchase you made in one day. All that money your paying in interest could surely be used towards something more beneficial.

Wealth Building Secret #4: Get Your Degree

While this may cost you some money up front, college graduates, on average, make $1,000,000 more than their non-degree holding counterparts over the course of a career. It makes sense in today’s competitive job market to have a degree under your belt. Think about how much more confident you’ll feel when you apply to jobs with that degree on your resume. Not only does it show you’re capable of starting and finishing something, but it gives you a leg up on the competition. The benefits of a degree are both tangible and intangible.

Wealth Building Secret #5: Save Money Everyday

Whether it’s $1 or $10, the more you get in the habit of saving money everyday, the better off you’ll be. Learning to save money is difficult, but it’s rewarding when you look at a substantial balance in your bank account. Put the money you save in your retirement account or use the money for other investments that you’ve been eager to make. The big thing is, don’t just save the money and blow it on something frivolous. Use this towards building a more financially stable future.

If you can follow these 5 strategies to build wealth in your 20’s, you’ll never look back. Be conscious and responsible about your spending and you will live a more fulfilling life.